Azerbaijan Economy in the First Nine Months of 2016; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first nine months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.9 % in the first nine months in 2016 since CESD calculations found out 4.3 % decline... Read More

Azerbaijan Economy in the First Eight Months of 2016; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first eight months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.1 % in the first eight months in 2016 since CESD calculations found out 3.9 % decline... Read More

Azerbaijan Economy in the First Seven Months of 2016; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first seven months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.0 % in the first seven months in 2016 since CESD calculations found out 3.7 % decline... Read More

Azerbaijan Economy in the First Half of 2016; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first half in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.4 % in the first half in 2016 since CESD calculations found out 4.1 % decline in the economy. According... Read More

Azerbaijan Economy in the First Quarter in 2016; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first quarter in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.5 % in the first quarter in 2016 since CESD calculations found out 4.1 % decline in the economy.
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ADB: New Devaluation Is Possible in Azerbaijan
The Asian Development Bank (ADB) has published today an update to its report Asian Development Outlook (ADO 2015 update), sharply reduced the projected surplus of current account of Azerbaijan’s balance of payments.
According to ADO 2015 update, the forecast of Azerbaijan’s surplus for 2015 was reduced from 12% to 6% of GDP and in 2016 from 13.4% to 8% of GDP.
At the same time the Bank has kept the... Read More

CESD: ADB’s Forecasts are Unrealistic
The Asian Development Bank’s more upbeat projection of 2015 economic growth was met with skepticism as CESD economists said which the decline of crude oil price would continue to hamper the country’s growth. ADB expects that the GDP growth in Azerbaijan will be equal to 3.0 percent in 2015 and 2.8 percent in 2016. ADB Asian Development Outlook, published this week says that “despite a continuing slowdown... Read More

Azerbaijan Economy in 2014
Decline of oil price in the world market was the main character of Azerbaijan economy in 2014. As an oil exporter country, Azerbaijan might face the effects of a sharp fall in oil revenue after oil price decline in the world market. Azerbaijan is heavily dependent on oil and natural gas export revenues. In fact, 2014 was somehow successful for Azerbaijan economy since the country was able to reserve growth in the almost... Read More

Azerbaijan Economy in the First Nine Months of 2014; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first nine months of year on October, 20, 2014. Both independent and official reports show that oil GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, oil GDP decreased 2.0 % in the first nine months of 2014 since CESD calculations... Read More

GDP Increased, Industry Declined in Azerbaijan
Gross Domestic Product (GDP) increased by 2.4 % in the first 8 months of 2014, compared to the same period of 2013 and reached to 39.2 billion manat ($ 50.3 billion US)- as State Statistic Committee of Azerbaijan reports. 45.0% of GDP were produced in the fields of industry, 11.8% in construction complex and 9.9% in the fields of trade and paid service, 4.9% in transport, 1.7% in information and communication... Read More